The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-12-16
MIR. HENRY S. IVES
FOR A DIe THRIFT
In Connection with His Railroad Doais,
Some inside Facts About tho II. u o,
Directors Meeting on Wednesday.
Tho Clash with tho Syndicate,

NEW YoRK, Dec. 15.-Henry g. liver
was,,arralgned this afternoon In The. Tombs
Police Court for the stealing Of slOO,OOt
from the Cincinnati, Hamilton 4 Dayton
Railroad. Julius Dexter, President OF the
road, Was examined. He testillod thai
Ives had never accounted for tho 100000
DRAFT in question. Mr.. Dexter said lhe
had been an officer Of the Company
only .eince Auguat II. He owned two
shares OF stock, which had been transfer.
red to him by Ives, who Cancelled seven.
eighths Of tho stock OF tho Cincinnati,
Hamilton 4 Dayton. He could
not be positive that Ives had
not notified the treasurer Of
the draft transaction. When Ives
threatened TO enjoin him from raising the
sevens loan he threatened 10 proceed
against him criminally. Witness was now
prosecuting without authority OF the Din.
clnnati, Hamilton & Dayton. An exami.
nation OF the books showed that on June
9th IveG loaned to Robert Garrett $500.
0OO. The 100000 WAS charged to Ives as
trustee. gFl.s :
Nr. johnson, counsel for Ives, here
moved to dismiss the complaint on the
ground Of want Of evidence and Justice
kelbreth took the papers.
BALTIMORE i OHIO MATTERS, I'D
Some inside facts Of yesterdays Balti.
more & Ohio meeting at Baltimore, are
leaking out.
After the meeting 1t was stated that a
good deal Of routine business had been dis.
posed Of, but the selection OF vlco presi.
dents was not discussed. A belief pre-
walls in railroad circles that MI. William
N. clements and Mr.. Frank Harriott are
in the line Of vice presidencies. At the
election in Wilmington on Monday MIR.
Clements succeeded retired Vice President
Thomas N. King in tho Baltimore l. Phils.
delphia Road. This looks like straw.
Tho Baltimore & Ohio Company, hav.
ing accepted the terms Of tho syndicate
mortgage, 1t is underntood that the fnan.
clal scheme will be promptly made effec.
tive. The proceedings at the extra meet
ing OF tho board on last Saturday and the
preliminaries to 1t are said to have been
very interesting to the people concerned
in the affairs OF the company. At q pre-
vious meeting Of the hoard the consoli.
dated mortgage negotiated with the syndi-
cate was presented, but 1t was not pressed,
Mr.. A. P. German, of the State
Directors, and Mr.. McKenney White,
OF the City Directors, insisted
that q statement should be
made showing the iisbilities and the
necessity for the ununual contract that had
been made with the syndicate. This was
promised. Alter thst the annual stock.
holders' meeting was hold, and the syndi.
cate, which had the privilege to appoint
three or four directors, named their selec-
tions. When the new board was com.
pleted an extra meeting was called, on
last Saturday, and tho mortgage was pre-.
sented for ratification. It was accompanied
by financial statement which city and
State directors insisted showed absolutely
nothing. It was, however, proposed, out
side Of their ohjsctioue, to have the mort
gago contract ratified without the de.
manded explanation.
~ oPSSSh pAag W 30 Iluuo hL Lllb pUluk Ou
the side oi the objsoto.s was said by one
Of tbs vetoran directors 70 have caused a
scene such as has not been witnessed at a
Baltimore & Ohio directors mseting for a
quarter OF century. Tho peaker, it is
said, gave notice in the most emphatic
way that the syndicate mortgage could
not be approved at that sitting, and that
he believed the Board Of Public Works of
the State would be justified in enjoining
any sction on the part Of the company un.
less tho board Of directors we're furnished
with all the facts relating to the transac-
tion.
The President finally produced a
printed statement, which has been pub.
lished. Tho city and State directors
asked for time to conBider this statement,
and hence the recess Of two hours which
was taken by the board. The directors
who hsd secured tho recess are under.
stood to have decided that there WAS moth
ing to be done except to carry out the
contract, as it appeared by the statement
that alter crediting 100000 received
from the sale OF the express, there re-
mains nearly $9,000000 OF floating debt
carried by the syndicate.